West Virginia Lottery

WVLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 4, 2026 is estimated to be $60 Million, with a cash option of 25.5 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of West Virginia, your state will take 6.5% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

West Virginia MEGA Millions Jackpot/Cash Option for Tue Aug 4, 2026

Draw Date	Jackpot	Cash Option
Tue Aug 4, 2026	$60,000,000	$25,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$25,500,000
Federal Tax(24%)	$6,120,000
Additional Federal Tax	$3,275,330
State Tax(6.5%)	$1,657,500
Net Lumpsum Payment	$14,447,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$903,060	-$294,463 -$58,699	$549,898
2	$948,240	-$311,179 -$61,636	$575,425
3	$995,640	-$328,717 -$64,717	$602,206
4	$1,045,440	-$347,143 -$67,954	$630,343
5	$1,097,700	-$366,479 -$71,351	$659,870
6	$1,152,600	-$386,792 -$74,919	$690,889
7	$1,210,200	-$408,104 -$78,663	$723,433
8	$1,270,740	-$430,504 -$82,598	$757,638
9	$1,334,280	-$454,014 -$86,728	$793,538
10	$1,401,000	-$478,700 -$91,065	$831,235
11	$1,471,020	-$504,608 -$95,616	$870,796
12	$1,544,580	-$531,825 -$100,398	$912,357
13	$1,621,800	-$560,396 -$105,417	$955,987
14	$1,702,920	-$590,411 -$110,690	$1,001,819
15	$1,788,060	-$621,913 -$116,224	$1,049,923
16	$1,877,460	-$654,991 -$122,035	$1,100,434
17	$1,971,300	-$689,711 -$128,135	$1,153,454
18	$2,069,880	-$726,186 -$134,542	$1,209,152
19	$2,173,380	-$764,481 -$141,270	$1,267,629
20	$2,282,040	-$804,685 -$148,333	$1,329,022
21	$2,396,160	-$846,910 -$155,750	$1,393,500
22	$2,515,980	-$891,243 -$163,539	$1,461,198
23	$2,641,740	-$937,774 -$171,713	$1,532,253
24	$2,773,860	-$986,659 -$180,301	$1,606,900
25	$2,912,520	-$1,037,963 -$189,314	$1,685,243
26	$3,058,200	-$1,091,864 -$198,783	$1,767,553
27	$3,211,080	-$1,148,430 -$208,720	$1,853,930
28	$3,371,640	-$1,207,837 -$219,157	$1,944,646
29	$3,540,240	-$1,270,219 -$230,116	$2,039,905
30	$3,717,240	-$1,335,709 -$241,621	$2,139,910